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Crypto Hedge Fund Bleeds Red Ink After Bitcoin Tumble—Now Begs Wall Street for $21B Lifeline
Crypto Hedge Fund Bleeds Red Ink After Bitcoin Tumble—Now Begs Wall Street for $21B Lifeline
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Another quarter, another ’strategic repositioning’—this time with a side of desperation. Strategy Group just reported a Q1 bloodbath thanks to its ill-timed Bitcoin bets, forcing a massive asset writedown. Their brilliant recovery plan? Flood the market with $21 billion in new equity—because nothing says ’confidence’ like diluting shareholders to cover crypto losses.
Wall Street’s latest lesson in crypto volatility: when your ’hedge’ becomes a liability, just print more stock. The offering’s already being dubbed ’The BTC Bailout’ by traders—who are now placing bets on how long until the next write-down.
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